USDA: Beef production down this year in the world

Published Jan 27, 2021

Tridge summary

The USDA has lowered its global beef production forecast for 2021 by approximately 1%, totaling 61.1 million tons, primarily due to a decrease in China's production by 3.1%. The United States is expected to remain the world's leading beef producer, with an estimated 12.3 million tons. Despite a slight decrease in consumption forecasts, there is no projected shortage. International beef trade and export expectations remain steady, with China being the dominant importer.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The United States Department of Agriculture (USDA) downgraded its forecast for world beef production this year, which contracted approximately 1% to 61.1 million tons. According to the agency's report, this is mainly due to a lower performance by the industry in China, whose projection was lower than that made last year by the order of 3.1%, remaining at 6.6 million tons. It would be followed by the United States with an estimate 0.6% lower, with which its processing of bovine meat would rise to 12.3 million tons, however, it would maintain the first place in production globally. CONSUMPTION AND TRADE ALSO WITH RESERVED FORECAST In the case of consumption, the estimate made in January by the USDA was 0.3% below the one made in October 2020, amounting to an approximate of 59.7 million tons, so there should not be a shortage problem. Regarding international trade, ...

Source: Ganaderia